09-01-2022 10:26 AM | Source: Reuters
India's SpiceJet falls nearly 15% on bigger quarterly loss
Shares of India's SpiceJet Ltd fell as much as 14.7% on Thursday, after the low-cost carrier posted a bigger loss due to high fuel costs and unfavourable foreign currency rates, and said its chief financial officer had resigned.
SpiceJet posted a net loss of 7.84 billion rupees ($98.50 million) for the quarter ended June 30, compared with a loss of 7.31 billion rupees a year earlier.
Recently, the cash-strapped airline has struggled to make timely payments to vendors and lessors, prompting some to deregister planes.
($1 = 79.5950 Indian rupees)
Latest News
JSW Cement to invest around Rs 3,000 crore to establ...
GCCA India re-elects Chair and Co-chair for 2024- 2026
Kotak Mahindra Asset Management Company Limited laun...
Evening Roundup : A Daily Report on Bullion Energy &...
JK Tyre records highest ever revenues and profits in...
CapitaLand Investment appoints Sumit Gera as Chief ...
Bajaj Allianz Life Records Profit After Tax of Rs 56...
HCLTech recognized as a Leader in Gartner Magic Quad...
Gold Looks Resisted at Higher Levels, Awaiting Fresh...
Buy SILVER ABOVE 94500 SL BELOW 93700 TGT 95500/9600...